I thought this was interesting!

[spence]

Originally Posted by Joe

What about the executives who lead their institutions into peril? I wonder how many of them were selling short and profiting on the decline of the companies they were leading? That's pretty cool huh? Lead the company down the %$%$%$%$ter, bet against it, make a killing, then get your ass bailed out and keep your whopping salary.....

Exactly...

People taking loans they shouldn't really have is certainly a problem of individual responsibility. There's no question about that.

But Industry has proven time and time again that if left unchecked it will often turn corrupt. There's no question about that.

Many will argue that regulation will create a "Nanny State", but in this case that's exactly what we need to keep the ship afloat. Perhaps instead of bashing the idea of regulation, we should work towards a reasonable middle ground that is in the interest of the people, but I doubt I'll be hearing Rush or Hannity championing the cause any time soon.

-spence